- 23 Jul 2022 03:24 PM
- New
CAIT requests for withdrawal of 5% GST on unbranded Food grains
CAIT has demanded that the 5 percent GST tax on unbranded food grains and other items should be withdrawn immediately and for this purpose GST Council should call an emergency meeting. In this regard CAIT has written letter to Finance Ministers of all the states.
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- 22 Jul 2022 01:55 PM
- New
Govt won’t slash capex to keep deficit in control: Finance secy
Source: https://www.livemint.com/economy/india-set-on-capex-path-despite-deficit-worries-11658426873118.html
The fiscal deficit may be a “little worse" in absolute terms than estimated in the budget because of the government’s rising expenditure bill—the result of the rupee’s slide, high global commodity prices, and tax cuts—finance secretary T.V. Somanathan said.
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- 22 Jul 2022 02:00 PM
- New
SC lists plea challenging GST on disability devices for hearing in September
A writ petition challenging the levy of GST on equipments for differently-abled persons was mentioned before the Supreme Court today.
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- 22 Jul 2022 05:53 PM
SC gives relief on tax credits to businesses
Source: https://www.livemint.com/news/india/sc-gives-relief-on-tax-credits-to-businesses-11658490487520.html
New Delhi: The Supreme Court on Friday asked the Goods and Services Tax Network (GSTN) portal to be kept open for two months from 1 September for businesses to claim tax credits arising from the transition to the new indirect tax regime in July 2017.
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- 21 Jul 2022 11:48 AM
No GST on funeral services: Govt
Source: https://www.livemint.com/news/india/no-gst-on-funeral-services-govt-11658332916590.html
The government on Wednesday said there is no Goods and Services Tax (GST) on funeral, burial, crematorium or mortuary services.
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- 21 Jul 2022 11:56 AM
Why is Paneer butter masala trending on Twitter? Full story
Amid the row over 5% GST on packaged daily use food items like , Paneer Butter Masala started trending on Twitter. Congress leader Shashi Tharoor today tweeted sharing the meme on GST, “I don't know who comes up with these brilliant WhatsAPP forwards but this one skewers the folly of the GST as few jokes have!"
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- 21 Jul 2022 12:09 PM
Details of GST Compensation released to States/UTs for a period of 5 years
GST compensation to States for loss of revenue arising on account of implementation of GST for a period of five years
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- 21 Jul 2022 12:26 PM
New Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)
Source: https://taxguru.in/goods-and-service-tax/table-3-1-1-gstr-3b-reporting-supplies-u-s-95.html
According to section 9(5) of CGST Act, 2017, Electronic Commerce Operator (ECO) is required to pay tax on supply of certain services notified by the government such as Passenger Transport Service, Accommodation services, Housekeeping Services & Restaurant Services, if such services are supplied through ECO. For reporting of such supplies a new Table 3.1.1 is being added in GSTR-3B as per Notification No. 14/2022 – Central Taxdated 05th July, 2022 wherein both ECOs and registered persons can report their supplies made under section 9(5) respectively.
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- 21 Jul 2022 01:36 PM
Claim of 18% GST on Crematorium Services is Misleading
Source: https://taxguru.in/goods-and-service-tax/claim-18-gst-crematorium-services.html
Claim: There will be 18% GST on Crematorium Services
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- 21 Jul 2022 02:18 PM
AIIMS Delhi raises private ward room rent after 5% GST levy
New Delhi: The All India Institute of Medical Sciences (AIIMS- Delhi) has raised charges of its private ward rooms following the recent decision by the GST Council to levy a 5% tax on hospital room rent exceeding ₹5,000 per day.
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